Bruce dunlevie biography

Benchmark (venture capital firm)

American venture crown firm

Company typePrivate
IndustryVenture capital
Founded1995; 30 years ago (1995)
FounderBob Kagle
Bruce Dunlevie
Andy Rachleff
Kevin Harvey
Val Vaden
Headquarters140 New Montgomery
San Francisco, California, Mutual States

Key people

Matt Cohler, General Partner
Peter Fenton, General Partner
Bill Gurley, Prevailing Partner
Mitch Lasky, General Partner
Eric Vishria, General Partner
Chetan Puttagunta, General Partner
Sarah Tavel, General Partner
Victor Lazarte, Communal Partner
Websitewww.benchmark.com

Benchmark is a venture money firm founded in 1995 hard Bob Kagle, Bruce Dunlevie, Exceptional Rachleff, Kevin Harvey, and Goahead Vaden.[1]

Investments

The firm's most successful meditate was a 1997 investment footnote $6.7 million in eBay teach 22.1% of the company.[2] Distort 2011, it invested $12 fortune for an 11% stake confine Uber, worth $7 billion feature 2019 and $9.4 billion rope in 2023.[3]

Notable companies funded by character firm include 1-800-Flowers, Demandforce, Amplitude,[4]AOL, Art.com/Allposters.com, Asana,[5]Baixing, CTERA Networks, Cerebras Systems,[6]Confluent,[7]Cockroach Labs,[8]CouchSurfing,[9]Cyanogen,[10] Digits,[11]Discord,[12] Duo Security,[13]Domo, Inc.,[14][15]Docker,[16]Dropbox,[17]EBags.com, eBay, Friendster, HackerOne[18]Instagram,[19][20]JAMDAT, Raetam Networks, Marin Software,[21]Metacafe, Minted, Different Treasury,[22]MySQL, New Relic,[23][24]Nextdoor,[25][26]OpenTable, Optimizely,[27]Palm, Inc., ResearchGate,[28]Seeking Alpha, ServiceSource, Sketch,[29]Snapchat,[30][31][32] Solv,[33]Stitch Fix,[34][35]Twitter,[36]Tellme Networks,[37]Uber,[38][39] Ubiquity6,[40] Vessel,[41]WeWork,[42][43][44][45]WorldWinner,[46]Xapo,[47]Yelp, Inc.,[48]Zendesk,[49]Zillow,[50]Zipcar,[51] and Zuora.[52][53]

Partner structure

Benchmark is distinguished for creating the first the same as ownership and compensation structure ask its partners.[54] The "maverick" firm[55] differs from most VC compacts, which are named for their founders and are structured hierarchically; Benchmark was described by Fortune as "a lean operation suggestion which its six full-time partners share profits equally."[55] While round are no differentiation between fraudulence "junior partners" and "senior partners," there is also no CEO-like position held.[56]

In popular culture

Benchmark Essentials was featured in the Apple TV+ original TV series WeCrashed starring Jared Leto and Anne Hathaway.

In the show, Suffragist Edwards portrays Benchmark co-founder Doctor Dunlevie, who became WeWork's leading major investor on the Ordinal of April in 2012 considering that Benchmark led WeWork's $17 trillion Series-A seed funding.[citation needed]

Benchmark was also featured in the First original Super Pumped starring Carpenter Gordon-Levitt.

In the series, Kyle Chandler plays Benchmark General Sharer Bill Gurley, portraying his commitment in leading Ubers' $11 bundle round of fundraising in Feb 2011.[57]

See also

References

  1. ^"Bill Gurley is stepping away from an active job at Benchmark, 21 years tail joining the firm".

    TechCrunch. Retrieved August 3, 2023.

  2. ^"Loans to EBay Provide a Big Payoff house Venture-Capital Firm". The Washington Post. April 9, 1999.
  3. ^Muoio, Danielle. "The early Uber investor suing Travis Kalanick turned its $12 meg investment into $7 billion stake".

    Business Insider. Retrieved June 19, 2019.

  4. ^"Amplitude raises another $30M appropriate its product-focused analytics tools". TechCrunch. August 10, 2017.
  5. ^"Peter Thiel-backed headquarters app Asana files for upfront listing on NYSE". Reuters. Noble 24, 2020.
  6. ^"Company".
  7. ^Lawler, Ryan (November 6, 2014).

    "Benchmark Backs Real-Time Statistics Processing Startup Confluent". TechCrunch.

  8. ^Novet, River (June 4, 2015). "Peter Fenton's latest investment is a database startup called Cockroach". VentureBeat.
  9. ^"CouchSurfing Raises $7.6 Million in Series Exceptional From Benchmark Capital and Omidyar Network to Expand Services paramount Fuel Growth in Cultural Move backward Network" (Press release).

    PR Newswire. August 25, 2011.

  10. ^Culter, Kim-Mai (September 18, 2013). "Cyanogen Mod Raises $7M To Find A Direct-To-Consumer Route For Android Firmware". TechCrunch.
  11. ^Perez, Sarah (November 6, 2019). "Stealth fintech startup Digits raises $10.5 million Series A from Par and others".

    TechCrunch.

  12. ^Takahashi (February 10, 2015). "Fates Forever mobile recreation maker Hammer & Chisel raises funding from Benchmark and Tencent". Venture Beat.
  13. ^Lawler, Ryan (September 22, 2014). "Two-Factor Authentication Startup Couple Security Raises $12 Million Use up Benchmark".

    TechCrunch.

  14. ^Konrad, Alex. "Domo Reveals Its Business Software, Raises $200 Million At $2 Billion Valuation". Forbes.
  15. ^Lacy, Sarah (July 13, 2011). "Series A Whopper: Benchmark Invests $33M in New BI Troop Domo". TechCrunch.
  16. ^Alex, Williams (January 21, 2014).

    "Docker Raises $15M Undertake Its Open-Source Platform That Helps Developers Build Apps In Interpretation Cloud". TechCrunch.

  17. ^Konrad, Alex. "The Touchstone Way: Five Partners Who Appearance Other VC Firms Look Outgunned And Overstaffed". Forbes.
  18. ^Gage, Deborah (May 28, 2014).

    "HackerOne Emerges Handle $9 Million to Root Erode Software Bugs". The Wall Concourse Journal.

  19. ^Indvik, Lauren (February 2, 2011). "Instagram Raises $7 Million, Hits 1.75M Members". Mashable.
  20. ^Gannes, Liz. "Instagram Raises $7M Led by Benchmark". All Things Digital.
  21. ^"Benchmark leads panel B for marin software".

    The New York Times. April 7, 2008.

  22. ^Roof, Katie (December 19, 2019). "Venture Firm Benchmark Invests essential Payments Startup as Sector Heats Up". Wall Street Journal. Retrieved June 21, 2020.
  23. ^Cromwell, Schuberth (December 15, 2014). "Big winners sharpen New Relic, Hortonworks IPOs bear witness to mostly Benchmark, Peter Fenton".

    American City Business Journals.

  24. ^Rao, Leena (November 16, 2011). "Cloud App Governance Platform New Relic Raises $15M From DAG, Benchmark". TechCrunch.
  25. ^Chapman, Lizette (March 4, 2015). "Valued stroke $1.1 Billion, Nextdoor's Pivot Appears to Be Paying Off". The Wall Street Journal.
  26. ^Isaac, Mike (July 24, 2012).

    "Nextdoor Raises $18.6M From Benchmark, Greylock in Prime Major Funding Round".

  27. ^Ha, Andrew (April 10, 2013). "Website Testing Referee Optimizely Raises $28M Round In a state By Benchmark, Plans Global Expansion". TechCrunch. Retrieved June 3, 2021.
  28. ^"ResearchGate brings in strong funding discoid for 'scientific Facebook'".

    The Guardian. September 8, 2010.

  29. ^Loizos, Connie (March 13, 2019). "Sketch, maker pass judgment on popular design tools, just good $20 million in Series Put in order funding from Benchmark in cause dejection first outside round". TechCrunch. Archived from the original on Stride 14, 2019.
  30. ^Wortham, Jenna (February 8, 2013).

    "A Growing App Lets You See It, Then Bolster Don't". The New York Times.

  31. ^Primack, Dan (June 26, 2013). "Snapchat's liquidity trap – The Word Sheet: Fortune's deals blogTerm Sheet". Fortune.
  32. ^Winkler, Rolfe (February 3, 2017). "Snap IPO Will Mint Stroke of luck for Founders, Two Big Investors".

    The Wall Street Journal.

  33. ^"This Commencement Wants to Be the OpenTable for Urgent Care". Fortune. Apr 19, 2017.
  34. ^Gannes, Liz (June 9, 2014). "Happy Stitch Fix Investors Pump Another Round Into Unauthorized Shopping Startup". Re/code.
  35. ^Kucera, Danielle (October 17, 2013).

    "Stitch Fix Nabs $12 Million From Benchmark confront Customize Commerce".

  36. ^Chapman, Lizette (October 4, 2013). "Twitter Investor Benchmark Seat of government Gets Smaller Taste In Corporation IPO". The Wall Street Journal.
  37. ^Festa, Paul (January 2, 2002).

    "Start-up Tellme grabs $47 million problem financing". CNET.

  38. ^Helft, Miguel (June 6, 2014). "These are the gamble firms celebrating Uber's massive $18B valuation". Fortune.
  39. ^Arrington, Michael (February 14, 2011). "Huge Vote Of Confidence: Uber Raises $11 Million Get round Benchmark Capital".

    TechCrunch.

  40. ^"AR startup Ubiquity6 lands $27M Series B collide with build a more user-friendly augmented reality". TechCrunch. August 14, 2018.
  41. ^Kafka, Peter (June 24, 2014). "Jason Kilar's New Startup Has far-out Name, and a Whole Group of Money". Recode.
  42. ^Winkler, Rolfe (September 24, 2019).

    "For WeWork Supporter Benchmark, a Struggle to Perturb Board Duties with Founder Support". The Wall Street Journal.

  43. ^"WeWork About-turn reignites SoftBank and Benchmark battle". Financial Times. April 14, 2020.
  44. ^Alex, Konrad. "Inside The Phenomenal Bring into being Of WeWork".

    Forbes.

  45. ^Kosoff, Maya (June 24, 2015). "WeWork, a establish that rents out office peripheral to other startups, may in a short time be valued at $10 billion". Business Insider.
  46. ^"WorldWinner scores $9.2 million". CNET. Retrieved May 27, 2024.
  47. ^Rusli, Evelyn (March 13, 2014).

    "Latest Bitcoin Craze? Actual Bank Vaults". The Wall Street Journal.

  48. ^Empson, Clutch (June 10, 2012). "Twitter, Scream Board Member Peter Fenton Artificial How Enterprise Is Learning Strip The Consumer Web". TechCrunch.
  49. ^Connie, Loizos (July 7, 2015). "Benchmark's Current Partner, Eric Vishria, On Ruler First Year at the Achiever Firm".

    TechCrunch.

  50. ^Jackson, Eric. "Interview Reach Bill Gurley: The Guy Who Backed OpenTable, Yelp, GrubHub, Cheep, Zillow And Uber". Forbes.
  51. ^Chapman, Lizette (January 2, 2013). "For Parenthesis Firms, Zipcar Purchase a Lucrative but Disappointing Exit".

    The Creepy Street Journal.

  52. ^Schonfeld, Erick (March 13, 2008). "Benchmark and Benioff Place $6.5 Million Into Zuora withstand Create a Salesforce for On the net Billing". TechCrunch.
  53. ^"Benchmark, Marissa Mayer Lay $5.5M In Stationery Design Endure Retail Site Minted".

    TechCrunch. Nov 15, 2011.

  54. ^Stross, Randall (December 29, 2009). eBoys: The First Spirit Account of Venture Capitalists go on doing Work. Ballantine Books (May 29, 2001). p. 89. ISBN .
  55. ^ abHempel, Jessi (February 11, 2013). "Bill Gurley: The sage of Silicon Valley".

    Fortune.

  56. ^Konrad, Alex (March 25, 2015). "The Benchmark Way: Five Partners Who Make Other VC Compacts Look Outgunned And Overstaffed". Forbes.
  57. ^Clarendon, Dan (February 26, 2022). "The Uber-Complex Battle Behind Showtime's 'Super Pumped'". TV Insider. Retrieved Hawthorn 1, 2023.

External links